The9 Ltd ADR (NCTY) — Tangible Net Worth Ratio
The9 Ltd ADR (NCTY) has a Tangible Net Worth Ratio of 100.0% as of June 2025. This metric is calculated by deducting intangible assets ($0.00) from net assets ($65.29 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See NCTY net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
The9 Ltd ADR Tangible Net Worth Ratio (2004–2024)
This chart shows how The9 Ltd ADR's Tangible Net Worth Ratio has changed across 15 annual periods from 2004 to 2024. As of June 2025, the ratio stands at 100.0%, reflecting net assets of $65.29 Million with intangible assets of $0.00 USD. See NCTY cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for The9 Ltd ADR (2004–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for The9 Ltd ADR from 2004 to 2024, covering 15 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see how much is The9 Ltd ADR worth.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 97.9% | $427.51 Million | $9.00 Million | $636.64 Million | ▼ -2.1 pp |
| 2023 | 100.0% | $181.34 Million | $0.00 | $363.73 Million | ▲ +0.0 pp |
| 2022 | 100.0% | $27.54 Million | $0.00 | $599.11 Million | ▲ +0.0 pp |
| 2021 | 100.0% | $763.46 Million | $0.00 | $1.31 Billion | ▲ +85.5 pp |
| 2014 | 14.5% | $196.39 Million | $167.81 Million | $517.33 Million | ▲ +20.2 pp |
| 2013 | -5.6% | $190.13 Million | $200.84 Million | $546.68 Million | ▼ -75.0 pp |
| 2012 | 69.4% | $749.21 Million | $229.16 Million | $1.11 Billion | ▼ -11.8 pp |
| 2011 | 81.2% | $1.25 Billion | $235.53 Million | $1.63 Billion | ▼ -12.6 pp |
| 2010 | 93.8% | $1.54 Billion | $95.60 Million | $1.86 Billion | ▲ +0.3 pp |
| 2009 | 93.5% | $2.01 Billion | $131.51 Million | $2.32 Billion | ▲ +1.5 pp |
| 2008 | 92.0% | $2.72 Billion | $217.93 Million | $3.26 Billion | ▲ +4.8 pp |
| 2007 | 87.1% | $2.81 Billion | $361.50 Million | $3.25 Billion | ▲ +5.4 pp |
| 2006 | 81.7% | $1.34 Billion | $244.06 Million | $1.62 Billion | ▲ +12.4 pp |
| 2005 | 69.3% | $942.37 Million | $289.15 Million | $1.21 Billion | ▼ -26.9 pp |
| 2004 | 96.2% | $877.51 Million | $33.30 Million | $1.03 Billion | — |